Urjit Patel

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RBI Governor Urjit Patel to Parl panel: Rs 9.2 lakh cr in new currency introduced

The RBI Governor is also scheduled to appear before the Public Accounts Committee of Parliament on the same issue on January 20.

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RBI Governor suggests single regulator for GIFT City

The RBI Governor asked for reviewing and addressing gaps in the existing laws governing financial contracts in India.

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Low inflation must for meaningful interest rate regime: Urjit Patel

Observing that RBI has already notified inflation target of 4 per cent, Patel said the effort should be to achieve the objective of keeping prices under check on a durable basis, given the progress already made.

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Demonetisation, GST to transform India, NPAs key risk: RBI

Patel said that enhanced transparency has helped in reinforcing the stability of India’s financial system.

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India Inc disappointed as RBI keeps rates unchanged

India Inc on Wednesday expressed disappointment saying a rate cut was needed to provide fillip to the flagging industrial economy and stimulate consumption that has been hit by demonetisation.

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RBI Governor Urjit Patel gets Rs 2 lakh pay, no supporting staff at home

RBI was asked to provide details of remuneration given to former RBI Governor Raghuram Rajan and incumbent Urjit Patel.

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Urjit Patel breaks silence: RBI taking all steps to ‘ease genuine pain’

Patel said the situation arising out of demonetisation is being monitored on a daily basis and the printing presses have started to rebalance the production of new notes towards Rs 100 and Rs 500 bills.

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Start using debit cards, says Urjit Patel

Supporting government’s ambition to make India a cashless economy, RBI Governor Urjit Patel on Sunday urged the people  to start using debit cards and digital wallets, saying it will make transactions cheaper and easier and in the long term, it will help India “leapfrog into a less cash-use economy at par with more developed nations.” […]

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Urjit Patel says RBI taking necessary action, urges people to use debit cards

The RBI governor, who came under attack by the opposition for his silence over the raging issue, emphasised that liquidity in the banking system has increased.